📈 #BTCUpdate 📉
📍 Despite attempts to breach the $67k resistance, #Bitcoin took a nosedive, finding support around $63,500. Here's what's on the horizon:
🔍 Scenarios
1️⃣ Primary
A breakdown below the bear flag and $63,500 support may lead to revisiting the $61k support, possibly triggering a significant drop towards $54k.
2️⃣ Secondary
A decisive breakout above $72k could confirm a bullish trend, targeting $73k and potentially soaring to $82k.
📊 Market Outlook
During this volatile period, it's wise to tread cautiously. If scenario one unfolds, expect a further -20% to -30% downturn in the altcoin market.
Stay informed and adapt your strategy accordingly! 💼📈
